Janus International Group (NYSE:JBI) Sees Large Volume Increase – Should You Buy?

Janus International Group, Inc. (NYSE:JBI) shares saw unusually-high trading volume on Friday . Approximately 495,896 shares changed hands during trading, a decline of 50% from the previous session’s volume of 983,886 shares.The stock last traded at $7.46 and had previously closed at $7.39.

Analysts Set New Price Targets

A number of brokerages recently issued reports on JBI. KeyCorp decreased their price objective on shares of Janus International Group from $13.00 to $11.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. UBS Group decreased their price target on Janus International Group from $12.00 to $8.50 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group downgraded Janus International Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $12.00 to $7.50 in a research report on Monday, November 4th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $10.25.

Janus International Group Stock Performance

The company has a debt-to-equity ratio of 1.11, a quick ratio of 2.39 and a current ratio of 2.80. The firm has a market cap of $1.07 billion, a P/E ratio of 10.51 and a beta of 0.91. The company’s 50 day moving average is $7.51 and its 200 day moving average is $10.05.

Janus International Group (NYSE:JBI) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). The firm had revenue of $230.10 million during the quarter, compared to the consensus estimate of $248.21 million. Janus International Group had a net margin of 10.62% and a return on equity of 21.10%. The firm’s revenue was down 17.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 earnings per share. As a group, equities analysts predict that Janus International Group, Inc. will post 0.54 earnings per share for the current fiscal year.

Institutional Trading of Janus International Group

Hedge funds have recently made changes to their positions in the company. FMR LLC raised its holdings in Janus International Group by 8.4% in the 3rd quarter. FMR LLC now owns 8,316,295 shares of the company’s stock valued at $84,078,000 after buying an additional 646,078 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Janus International Group by 6.5% during the third quarter. JPMorgan Chase & Co. now owns 7,125,266 shares of the company’s stock valued at $72,036,000 after acquiring an additional 435,721 shares during the last quarter. Wasatch Advisors LP raised its stake in shares of Janus International Group by 30.0% during the third quarter. Wasatch Advisors LP now owns 4,690,089 shares of the company’s stock valued at $47,417,000 after acquiring an additional 1,081,828 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Janus International Group by 47.8% during the third quarter. Wellington Management Group LLP now owns 4,366,402 shares of the company’s stock worth $44,144,000 after purchasing an additional 1,411,802 shares during the period. Finally, Janus Henderson Group PLC grew its stake in shares of Janus International Group by 9.2% in the third quarter. Janus Henderson Group PLC now owns 4,118,635 shares of the company’s stock worth $41,639,000 after purchasing an additional 345,553 shares during the last quarter. 88.78% of the stock is owned by institutional investors and hedge funds.

About Janus International Group

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.